Economic Globalization

• Describe the concepts of capital and globalization presented in the introductory essay. Karl Marx is describing capital as a social order based on the class of people (Longhofer).

Is the increasing globalization of business good or bad for the United States? If you are from a different country, what effect do you think globalization is having or will have on your country? Is globalization resulting in unequal gains for different countries?

Globalization is an attempt at bettering the world economy through unity and assistance, though we tend forget this unity is between that of the rich, and a majority of the assistance they provide it to themselves. Globalization originated in America but since its creation has slowly been hurting the economy through the lack of regulation concerning the acts of corporations. Corporations tend to send jobs overseas for cheaper labor cost which offers no actual benefit to the American people, ultimately resulting in increased unemployment rates and sought after government assistance programs. On the other hand, foreign countries benefit greatly by being provided contracts, private investors, and American dollars. In 1998 an American sneaker manufacture known as Nike sent their entire operation overseas. The recipient being China, were able to provide over 600 million of its inhabitants a means of rising out of poverty. The effects were

Globalization is taking place across the world where people can either become globalization or stay local in the state or country. People are very controversial about globalization helping local economies and local businesses. Some people believe globalization is helping local businesses into the markets and then there are some that believe that multinational corporations hurting the local small businesses. What is globalization? “the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets” (). Globalization has started long before we were born.

Today, we live in a world of change. Change is everywhere and it can be a major or so small we don’t notice it until later in the future. Our environment is changing, we as humans are constantly changing. Our world is moving into modernization and globalization. “Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world.” (Globalization101.org, 2016) Globalization isn’t a new concept, for thousands of years; humans have been connecting with other civilization or population via trade and wars. Advances in technology and changes in policies have sped up the process of globalization and development around the world. One of the biggest and largest contributors to globalization is the United States of America. The influence from the U.S. to other countries is vast and greatly affects economies, governments, and even healthcare. Healthcare is a sensitive subject and like many countries like the United States, it struggles to maintain a balance of people’s needs and wants.

Sex Trafficking is just another name for modern-day slavery, wherein the victims involved are forced and deceived into labor and sexual exploitation. When you hear labor, you think of money right? Believe it or not, sex trafficking is a big producer of money and why the world has so much money! So here's the big question.. how does globalization influence sex trafficking in Mexico? And basically, it is like a domino effect… one country does it and becomes a part of it, then they gain money and become richer, and then other countries see how good that certain country is doing, and it goes along throughout the whole world. But focusing on Mexico, the government of Mexico sees that they are becoming richer somehow, and they don’t question it at all… because the big point here is globalizing, making money, right? What is globalization you might be ask, and the answer is that this is the process in which big companies or organizations develop international influence and make money. Globalization is worldwide, we can't stop it, whether it's human exploitation on farms for certain companies, or in this case sex trafficking, so everyone is affected by this… if it's the rich, they get richer, and if it's the poor, they get poorer.

In the last twenty years, known as globalization years, poverty and inequality have both increased. The number of poor people has been cut in half over the past twenty years but there is still enormous inequality as well as poverty in the world. Globalization generally is expected to reduce poverty through faster growth in more integrated economies. Countries like China and India have benefitted from careful and managed globalization and continue to improve the economic growth in their economies and as a consequence poverty in such countries has gradually decreased. Nevertheless, poverty and inequality are still prevalent in the economies of nations (Heshmati, 2005).

Capitalism provides and sustain an endless circle of production of commodities, promoting both mass and niche consumptions, fueling the never-ending economic cycle, generating over accumulation, and finally a new crisis that reorganizes capitalism, starting everything over and over again (Baran & Sweezy, 1966; Harvey, 2003). The complexities entangled in the corporate culture of investment banking, work-place models, and organizational values of financial capitalism, as well as its cultural and economic dimensions, obscure the blue-collar, manufacturing, work underneath. Jobs performing very physical and material duties are not only basic to a financial economy, but are at the foundations of capitalism itself. However, this material work is blurred by the fancier discourses and images about “creative work”, “innovation”, and “economy of knowledge” in a global scale.

Globalization, according to the Levin Institute (2016), has allowed an increase in the amount of people and goods moving throughout the world. Both people and goods have the ability to carry disease with them across the borders of our nations. Attempts to reduce the amount of international trade and travel do not provide a reasonable solution to this problem. The world continues to become more connected and the focus needs to be on ways to cope with this change instead of seeking to limit it. It is my belief that the focus should be on sharing medical information and creating preventative measures for disease. By educating more people on what causes diseases to spread, we can help reduce the amount of people inadvertently passing diseases to others.

“Globalization increases poverty” is a typical statement created by critics of globalization. In the past century, a substantial number of developing countries have struggled with economic growth. Globalization plays an essential role in the economy as it assists in elevating the GDP of the country in questions and consequently leading to the diminished poverty level. This research seeks to address the following fundamental concepts/ questions: what impact does globalization has in developing countries in matters pertaining poverty reduction? The paper's structure is as follows. The first section outlines the definition of globalization. The second section evaluates technological advancement through reduction of poverty on globalization. The third section explains the essential meaning of trade liberalization and the influence on development in Periphery countries. The fourth section presents foreign direct investment linkage in globalization and poverty. The fifth section explores the processes of development motives. The sixth section presents a case study that is primarily connected to globalization impact on developing countries. Lastly, the seventh section explains the impact of globalization on economic policy on developing economies.

The evolving nature of civilizations has led us down a path of expansion and globalization. In nature, we are at a state that our natural resources are being sought after day in day out without having a way to properly replenish as quickly as we are using materials. At the current rate that we currently are we will expand of all forest at a cyclic rate because we are not doing enough to preserve some of the needed cycles of nature. With this it brings a bigger social responsibility to help expand how to regulate some of the companies that are seeking to establish monopolies without being found guilty. However, with great wealth there is a great responsibility of replenishing or at least establishing certain mantras to obey by. These mantras can sometimes be seen as laws or regulations but there are always ways to go around these and it is up to multiple nations to come together to establish some sort of order by setting corporate social responsibilities and sustainability’s to those corporations that are either taking advantage of or going around certain rules.

Globalization can be seen as a two edged sword, since it affects and influences all ages of individuals, monetarily, politically, naturally, and socially. Globalization has its advantages, by connecting a large number of individuals around the globe, making them presently more engaged in light of globalization, however there are many other issues that can arise from social and financial improvement on a global scale. Along these lines, my paper will debate that development and advances given by globalization to developing nations is useful in here and now, yet over the long haul, it will just bring upon negative effects and difficulties because of the obstructions included, for

Globalisation is disputably the most vital factor currently shaping the world economy. Although it is not a new phenomenon (waves of globalisation can be traced back to the 1800s) the changes it is bringing about now occur far more rapidly, spread more widely and have a much greater business, economic and social impact than ever before.

Globalization is taken as facilitator of international trade and economic growth. There might be various parameters for the measurement of the connection between globalization, international trade and economic growth that is derived from the mobility of investment, human capital to communication and transportation that fosters interdependency and other forms of economically beneficial and social relationship between countries.

It is fair to say that the ones who benefit the most in economic globalization are developed countries whose social productive forces are highly developed ((El-Ojeili, C. & Hayden, P., 2006.). However, it is difficult for developing countries that are relatively